TD Issues Positive Forecast for Coveo Solutions (TSE:CVO) Stock Price

Coveo Solutions (TSE:CVO) had its target price increased by TD from C$6.50 to C$7.00 in a report published on Friday,BayStreet.CA reports. TD currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus dropped their price target on shares of Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research report on Friday, May 29th. BMO Capital Markets decreased their price target on shares of Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Finally, National Bank Financial lowered their price objective on shares of Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$8.00.

Coveo Solutions Stock Up 5.1%

CVO opened at C$4.55 on Friday. Coveo Solutions has a 12 month low of C$3.59 and a 12 month high of C$9.53. The business has a 50-day moving average of C$4.28 and a two-hundred day moving average of C$4.89. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.42 and a quick ratio of 3.14. The stock has a market capitalization of C$425.29 million, a price-to-earnings ratio of -15.17, a price-to-earnings-growth ratio of 0.09 and a beta of 1.57.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings data on Thursday, July 30th. The company reported C($0.09) earnings per share for the quarter. The company had revenue of C$54.77 million for the quarter. Coveo Solutions had a negative return on equity of 26.89% and a negative net margin of 19.27%. On average, research analysts expect that Coveo Solutions will post -0.2144225 earnings per share for the current year.

Coveo Solutions Company Profile

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.